secwatch.observer — SEC 8-K summary
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Issuer:     Avery Dennison Corp (AVY)
CIK:        0000008818
Form:       8-K
Filed at:   2026-10-13T10:46:00+00:00
Accession:  0000008818-26-000157
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Avery Dennison names Helen Sheirbon President, Solutions Group, effective Nov 3; base salary $625K
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- Board elected Sheirbon on Oct 9, 2026 as president, Solutions Group and an executive officer, effective Nov 3, 2026.
- Sheirbon, 51, is currently SVP and COO of Global HP Solutions at HP Inc., leaving that company by end of October 2026.
- Compensation: $625,000 base salary, 60% target annual incentive, 200% target long-term incentive, $65,000 annual executive allowance.
- One-time awards: $2M RSUs vesting 50% on first and second anniversaries, $1.5M performance units in Q1 2027, $250K signing bonus and $800K in February 2027 to offset forfeited HP incentives.
- Cash bonus and make-whole payment must be repaid if Sheirbon voluntarily leaves within 24 months; $15,000/yr financial counseling reimbursed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8818/000000881826000157/0000008818-26-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8818/000000881826000157/avy-20261009.htm
  HTML page:      https://secwatch.observer/filing/0000008818-26-000157

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